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Stocks that were in focus included names like Tata Tele, which rose nearly 15%, Paytm or One 97 Communications, which closed with gains of over 6%, and Alembic Pharma which rose more than 5% with strong volumes on Thursday.

While the Sensex closed at 62,849, down by 294 points or 0.47%, the broader Nifty50 settled at 18,635, down by 92 points or 0.49%. ​

On Thursday, the benchmark Sensex cracked 295 points to close at 62,849. Despite the overall market slide, the BSE healthcare index six stocks reached new highs in the past 52 weeks.

The Adani Group, in a presentation shared with the Reserve Bank of India (RBI), said that it had raised fresh debt of Rs 19,235 crore in the two months following the Hindenburg report.

The Fund will sell about 3.3 crore shares or a 1.6% stake in the bank at a price range of Rs 1,792-1,886. The lower end of the floor price is about a 5% discount.

Hindustan Aeronautics Ltd (HAL) is considering a sub-division of equity shares to increase liquidity in the stock market, according to a filing. As of Thursday, HAL shares had hit a 52-week high after gaining 14% in the past five days. Analysts are optimistic that the strong order book and high revenue growth potential will help the stock rise further. Foreign institutional and mutual fund investors also seem to agree, as they have steadily increased their holdings for the past four quarters. Jatin Gohil, a technical and derivative research analyst at Reliance Securities, said the stock could move towards its channel breakout point of Rs 3,800 in the short to medium term.

The Dow Jones Industrial Average fell 8.04 points, or 0.02%, at the open to 33,656.98.

Domestic brokerage Nuvama Research expects the Indian IT services sector to deliver handsome returns over the next two-three years.

The Relative Strength Index of the stock stood at 72.36 on Thursday.

As of 31-Mar-2023, promoters held 59.39 per cent stake in the company, while FIIs held 24.97 per cent and domestic institutional investors had 3.17 per cent.